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| Topic: |
Book Reports
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| Number of pages / Number of words: |
10 / 2689 |
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Top Management
- 23 people in top management
- Robert A. Niblock is President, CEO, and chairman of the board since January 2005.
- Niblock was president since 2003 and started at Lowe’s in 1993
- Niblock had 9 years of past experience before (Lowe’s) at Ernest & Young (Accounting Firm)
- The average age for the top management is 56...
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Societal Environment
1. Economic
- Emerging buy-it-yourself market (O)
- Total Retail Home Improvement Market growth (O)
- Expected to be $236.7 billion in 2006, up from $187.6 billion in 2001.
- Home ownership up to 69.2% in late 2004, a historical high (O) – up from 67.5% in 2000.
- Higher growth in home improvement due to favorable interest rates (O)
- Growing sales in professional market (O)
- Retail building supply moving rapidly (O)
- Lumber price increase (T)
- Significant growth opportunities in 3 key areas: (O)
- Installed Sales
- Special Order Sales
- Commercial Business Customers
- Americans spent $214 billion on home improvement products and services in 2003 (O)
- No plans for international growth (T)
2...
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